In making an overall assessment of a company's competitive strength, the answer to which questions are of particular interest?
1. (1) Is the company's resource strength sufficient to allow it to earn bigger profits than rivals, and (2) are market opportunities unique, rare, long-lasting, and not able to be copied by rivals?
2. (1) Does the company have a gross competitive advantage or disadvantage versus major competitors, and (2) does the company do a first-rate job of
managing its value chain activities relative to its competitors?
3. (1) How does the company rank relative to competitors on each important market success factor, and (2) is the company's resource strength sufficient to allow it to earn bigger profits than rivals?
4. (1) How does the company rank relative to the competitors on each important market success factor, and (2) does the company have a net competitive advantage or disadvantage versus major competitors?
What is a weighted competitive strength assessment?
A competitive strength assessment is a weighted assessment of the strengths and weaknesses of an individual or company and their current and potential competitors.
Which of the following is essential for a resource or capability to be competitively superior?
Which of the following is essential for a resource or capability to be competitively superior? The resource or capability is competitively valuable. The resource or capability can be something that rivals also have in plenty. The resource or capability should have good substitutes available.
Which of the following is an accurate interpretation of the overall competitive strength ratings?
Which of the following is an accurate interpretation or the overall strength scores that result from doing a competitive strength assessment? the higher a company's overall strength score the stronger is its competitiveness and ability to compete successfully against rival industry members.
What are two of the three best indicators as to how well a company's strategy is working?
Explanation: The three best indicators of how well a company's strategy is working are (1) whether the company is achieving its stated financial and strategic objectives, (2) whether its financial performance is above the industry average, and (3) whether it is gaining customers and increasing its market share.